DislikedRaymacd
How long have you actually been trading this 5 min method? I'm asking this because I have looked at some of your posts and you seem to have skipped around quite a few trading methods of this site.
I am very familier with short term trading and can say at best that using bollinger bands and rsi on this time frame can be very risky, just want to clarify this before people start jumping in and losing their shirts.
A nice show of your profit and loss statement would be nice proof (blank your account details out) you're actually getting 2% from 10 pips, as you must be trading well over 10k a pip by now, would be interested what broker would be dealing with these numbers on an instant market order.Ignored
As others like Mike can say, I went to the James16 stuff and other methods to trade a longer time like 4hr daily or whatever, It was not for me. I hate holding overnight and I really don't want to sit in a trade for 3 days waiting on 2% 15-30min is more my style, I can get done with my work day in a few hours most days, sometimes it's 15min. As far as brokers for the big trades I use DBFX, they can take anytrade from what I have seen and they are the biggest. As far as posting my account I would never do that no reason too really, if you think I am full of shit just dont read my posts I am just trying to show others a way to trade. I am not selling some site and would never need to I make good enough then to charge for my help. As I have always said, those that can NOT trade teach others how to trade and charge for it most of the time.
Also about the BB and RSI I know it works I did it on the spoos for 4 years and then went into this market when the spoos dried up in 2002ish. What I do with RSI and the BB is not hard to understand, if you read what I post I only go after the CT trades when the BB is flat or I feel it's a safe trade other then that I don't even use RSI I just the trend.
Also on Phillip's system I made money too, on the 4hr and 5min, when people want to put all this crap into a "System" they fail or they will fail because they have no understanding of how to trade they just look for this piece of crap system to tell them what to do and when it fails so does the person using it.
Keep taking CT trades, I need more money